Potassium Formate Market, Growth Impact and Demand by Regions till -2030
The potassium formate market is projected to reach USD 700 million and register a CAGR of over 4% during the forecast period, 2022–2030. Potassium Formate Market Competitive Analysis: The prominent players in the potassium formate market are Eastman Chemical Company (US), ADDCON GmbH (Germany), Evonik Industries AG (Germany), Clariant (Switzerland), Nachurs Alpine Solutions (US), Hawkins, Inc (US), Shouguang Hengtong Chemical Co., Ltd (China), TETRA Technologies, Inc (US), Proviron (Belgium), American Elements (US), and Hangzhou Focus Chemical Co., Ltd (China). Potassium Formate Market Summary: The Global Potassium Formate Market was valued at over USD 500 million in 2018 and is expected to exhibit a CAGR of over 4% during the review period. The global demand for potassium formate is majorly driven by the increasing demand for efficient oil drilling and completion fluids in the oil & gas industry. The high demand for energy across the globe and increasing shale gas exploratio